India to lead global oil demand: Moody's
Edited By WION Video Desk
Published: May 23, 2025, 12:07 IST | Updated: May 23, 2025, 12:07 IST
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India is emerging as the next major force in global energy consumption, according to Moody’s. The report says China’s fuel demand is slowing due to its economic deceleration and shift toward cleaner energy. Over the next decade, India is expected to lead global growth in oil and gas demand, fueled by rapid economic expansion, increasing vehicle ownership, and infrastructure development.
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